Sunday, January 15, 2017

Stephane visits the banker. How can he prepare to ask for a business purchase loan?

How many at-bats can you get
with your banker? Better be prepared!

This week’s question comes
from Stephane who wants to know how best to prepare for speaking to a banker
about a business acquisition loan.

It’s much like everything else
in life, there’s preparation, then lots of practice.

This means studying your
forecasts and the subject business and industry. Reading and learning lots. Maybe a speech to your cat on the topic.

If you’re setting yourself up
for life as a business owner, then you should have people around you to help
‘play banker’ and get you ready. If not,
then a membership application to the Kiwanis, Rotary or another club may be in
order.

When it comes time to speak to
your first banker though, many people haven’t thought of this preparation trick
that I’ve used for years. I made a video
to tell you all about it. Watch here: https://youtu.be/RZt7rOhLrWo

In fact, I often tease and poke fun at
people who claim to want to buy a business who seem unwilling to invest a few
hours into learning how to do it correctly. I mean, come on, seriously? (The course works out to less than $20/hr. and
comes with a 30 day money-back guarantee!)
You can see how my whole buyer system works in this video from two weeks
ago: https://youtu.be/ooixMSaFf6Y

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I’m coming to Charlottetown, Prince Edward
Island in January 2017 and Saint John, NB on March 1st. Seats are already
filling up. Find all my live events here: http://davidbarnett.eventbrite.ca